Plume Announces PayPal USD-Powered PayFi Vault, Coming Soon to Nest

Monicah W

In a groundbreaking development within the decentralized finance (DeFi) sector, Plume, the first Layer 1 blockchain purpose-built for Real World Asset Finance (RWAfi), has announced the upcoming launch of its PayFi Vault on its flagship yield streaming product, Nest.

This new vault will be powered by PayPal USD (PYUSD), aiming to revolutionize payment financing by bringing it on-chain and utilizing institutional-grade stablecoin-backed assets.

Bridging Traditional Finance and DeFi

Plume’s integration of PYUSD into its PayFi Vault signifies a strategic move to bridge traditional payment systems with decentralized financial mechanisms.

By leveraging PYUSD—a fully reserved stablecoin backed by dollar deposits, U.S. treasuries, and cash equivalents—the PayFi Vault establishes a secure and stable foundation for on-chain payment financing. This integration not only enhances liquidity but also offers users globally access to institutional-grade financing opportunities.

Understanding the PayFi Vault

According to the announcement by Plume Network, the PayFi Vault is designed to provide last-mile liquidity for the supply chain, effectively powering global trade, commerce, and inventory management.

By tokenizing payment financing solutions such as invoices, receivables, and payment obligations, the vault unlocks sustainable yield offerings that were previously inaccessible to a global user base. Stablecoins like PYUSD play a crucial role in this ecosystem, serving as a reliable and efficient means of transferring value, thereby facilitating faster settlements and reducing costs associated with traditional financing methods.

The Role of Stablecoins in Payment Financing

Stablecoins, particularly those fully backed by real-world assets like PYUSD, are increasingly recognized as digital dollar standards. Their stability and regulatory compliance make them ideal for integration into DeFi platforms seeking to offer secure and efficient financial services.

In the context of Plume’s PayFi Vault, PYUSD acts as a stable liquidity layer, enabling users to participate in yield-generating activities without the volatility risks associated with other cryptocurrencies. This integration underscores the evolving role of stablecoins in facilitating real-world financial applications within the DeFi landscape.

The post Plume Announces PayPal USD-Powered PayFi Vault, Coming Soon to Nest appeared first on CoinGape.

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World Liberty Financial During 2049: What Users Need To Know

Speaking at the Token2049 event, Eric Trump announced the integration of World Liberty Financial’s USD1 stablecoin with Tron.

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USD1 Stablecoin market cap
USD1 Stablecoin market cap. Source: BeInCrypto

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